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Cesarnc's market talk, gossips, rumours & fun

  • #47,961
  • Edited 5:32pm Dec 21, 2015 5:18pm | Edited 5:32pm
Quoting ZizoFX
{quote} It's been a system i tested on most of my trades and they seem to work well provided the rules are followed but hey... The shorts on both pairs are fading out as I had a target for 1.4800 on GBP/USD some weeks ago. Been building longs and scalping both ways. I know you'll be ready when she shoots north. Maybe next year Just trying to keep things simple like you sir Hope the family is well and hearty. Many regards I miss Sir Ill-be-back
...I think it needs to test the lower trend line on the W/M charts.....the family fine sir. I miss Sir Ill-b-back also, hope is well with the kids....

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The Chonchy
  • #47,962
  • Dec 21, 2015 5:27pm Dec 21, 2015 5:27pm
Quoting wizlon32
{quote} Hello ZizoFX, Chonchy and all, Can you point me to the post where I can read aboutthe rules of your new system please?
....My system is simple wizlon32 and it works like this....and I have to thanks TEB63 for this simple and basic system....



http://www.forexfactory.com/showthread.php?t=106165
The Chonchy
  • #47,963
  • Dec 21, 2015 5:30pm Dec 21, 2015 5:30pm
I'm still short the g/u. I think I should exit and take my small profits but it may keep going, I'm lock in profits, so what do I have to lose, maybe any old timer or new will like to comment in what should I do.....

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The Chonchy
  • #47,964
  • Dec 21, 2015 5:37pm Dec 21, 2015 5:37pm
.....And I'm also short e/u, lock in profits also, so I will let it run, see where it goes....

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The Chonchy
  • #47,965
  • Dec 21, 2015 6:46pm Dec 21, 2015 6:46pm
Quoting chonchy
{quote} ....My system is simple wizlon32 and it works like this....and I have to thanks TEB63 for this simple and basic system.... http://www.forexfactory.com/showthread.php?t=106165
Thank you Chonchy. I have read the 1-2-3 pdf from the thread and I will read through the thread over the next couple of days. Thanks again.
Indentify > Plan > Accept > Execute
  • #47,966
  • Dec 21, 2015 9:43pm Dec 21, 2015 9:43pm
Quoting wizlon32
{quote} Thank you Chonchy. I have read the 1-2-3 pdf from the thread and I will read through the thread over the next couple of days. Thanks again.
...Write down all the questions you may encounter here and me and Sir Zizo will answer them for you, Sir Zizo know about moving averages as much as I do so....the most important thing is to train your eye to find the fractals and the 1, 2, 3. set ups and trade the best ones only, remember is best to be out trying to get in than in trying to get out......
The Chonchy
  • #47,967
  • Dec 21, 2015 9:49pm Dec 21, 2015 9:49pm
....Even though is no momentum here now, no power, this 1,2,3 is for the way up, with 100 being your entrie and the extension your 3 targets with your stop at 0, two pips below 0 for stop loss....and let it go, is even best to turn off the computer like my old friend fxhermit used to say.....

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The Chonchy
  • #47,968
  • Dec 22, 2015 3:33am Dec 22, 2015 3:33am
Quoting wizlon32
{quote} Hello ZizoFX, Chonchy and all, Can you point me to the post where I can read aboutthe rules of your new system please?
Hello Wizion32,

My system is very much similar to Kostas1 & eclayf dance system. Following what the market is doing without any compromise. I use MA's only (EMA's) and price Action, Quick pips and bail out

Attach this EMA's to your chart and see how market behaves.

5 8 13 21 34 55 89 and 144

Search through FF for Choros System.

http://www.forexfactory.com/showthread.php?t=236210
Numbers NEVER Lie
  • #47,969
  • Dec 22, 2015 4:04am Dec 22, 2015 4:04am
Quoting ZizoFX
{quote} Hello Wizion32, My system is very much similar to Kostas1 & eclayf dance system. Following what the market is doing without any compromise. I use MA's only (EMA's) and price Action, Quick pips and bail out Attach this EMA's to your chart and see how market behaves. 5 8 13 21 34 55 89 and 144 Search through FF for Choros System. http://www.forexfactory.com/showthread.php?t=236210
Thanks ZizoFX.
Indentify > Plan > Accept > Execute
  • #47,970
  • Dec 22, 2015 4:13am Dec 22, 2015 4:13am
I have read through TEB63's thread about the 1-2-3 system. Wish I had read it sooner. So simple but loads of potential! Which MA's do you use Chonchy? The 100, 30 and the 5EMA?
Indentify > Plan > Accept > Execute
  • #47,971
  • Dec 22, 2015 6:43am Dec 22, 2015 6:43am
I am also curious about your multiple orders - what do you look for for each additional trade?
Indentify > Plan > Accept > Execute
  • #47,972
  • Dec 22, 2015 6:57am Dec 22, 2015 6:57am
Another question, sorry When using the 1-2-3 system do you even execute your trades at point 3 or do you always wait for the TL cross or price to pass point 2? I have made quite a few pips today using this system.
Indentify > Plan > Accept > Execute
  • #47,973
  • Dec 22, 2015 3:07pm Dec 22, 2015 3:07pm
Quoting chonchy
{quote} ...Write down all the questions you may encounter here and me and Sir Zizo will answer them for you, Sir Zizo know about moving averages as much as I do so....the most important thing is to train your eye to find the fractals and the 1, 2, 3. set ups and trade the best ones only, remember is best to be out trying to get in than in trying to get out......
You just got the best advise from sir Chonchy. Entry and money management is key in this business. I'm still learning that myself. Know when to enter the market and don't be afraid to enter trades. The market loves us all so we love it right back.
Numbers NEVER Lie
  • #47,974
  • Dec 22, 2015 3:10pm Dec 22, 2015 3:10pm
Scoop trade on GU 15 Mins

Long triggered
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Numbers NEVER Lie
  • #47,975
  • Edited 3:31pm Dec 22, 2015 3:13pm | Edited 3:31pm
Quoting ZizoFX
GBP/USD Weekly Chart Building more long positions @ 1.4880 All short positions closed {image}
I still have my longs in play. Will add more to my sinking ship

Will update with chart shortly

UPDATED
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Numbers NEVER Lie
  • #47,976
  • Dec 22, 2015 11:45pm Dec 22, 2015 11:45pm
..... Yes wizlon32 I use the 100, 30 and 5 just like TEB, and when I find a fractal or a 1,2,3 with angle and separation on the ema's, I enter with a stop at the 0 as the tool indicates, two pips below and place 3 lots or more to take profits at different extensions as the tool provide, in this case I moved my stop to a few pips below my entri and let it go to see where it reach, but I should have taken two targets already, all extentions of the fibo tool are targets, just like TEB explain in his teachings, the price broke below the red ema and gave angle and separation, then retraced to the red ema 100 a couple of times and at the last one it gave a 1,2,3 patern wish let me enter, example...

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The Chonchy
  • #47,977
  • Dec 22, 2015 11:48pm Dec 22, 2015 11:48pm
Quoting ZizoFX
Scoop trade on GU 15 Mins Long triggered {image}
...Nice...
The Chonchy
  • #47,978
  • Dec 22, 2015 11:51pm Dec 22, 2015 11:51pm
Quoting wizlon32
I am also curious about your multiple orders - what do you look for for each additional trade?
...some times is good to secure some profits that is why is good to enter varius trades, some time is not, it all depend on the filling you got for that particular trade and the power of the move, the time of the day, the session in wish the trade is taking place, London, New York, asia....
The Chonchy
  • #47,979
  • Dec 23, 2015 12:03am Dec 23, 2015 12:03am
Quoting wizlon32
Another question, sorry When using the 1-2-3 system do you even execute your trades at point 3 or do you always wait for the TL cross or price to pass point 2? I have made quite a few pips today using this system.
.....You are suppose to enter at point two once price is already visited 3, wish is suppose to visit 4, the same as the A,B,C price should visit D after that, most of the time, not always, depend of the time of the day the session, the power of the move etc, train the eye to see the retrace to the red ema100 once the price embarks in a move or break out, then follow the rules, place the tool, place the trades, and forget, brake you allowance or leverage into 4 trades or lots and set your targets to the different fibo expansions of the tool, practice and practice until you get it rite, always look for some kind of sync on two or more time frames, look for your move to start on the 30 M chart and follow it on your 15M and enter true the 5M, if your 30M and 15M are not in sync up or down it will be most probably that the trades will not follow and you will be stopped out, practice and practice, I have being practicing since 2005 and still get stopped out today, imagine....but if at the end of the day you make 3 trades and two are winners, you will make it to the end....practice make perfection.
The Chonchy
  • #47,980
  • Dec 23, 2015 12:05am Dec 23, 2015 12:05am
.....I took partial profits and let one lot run, let see what she do......lock in profits a few pips below your entrie, is no way to lose but maybe it goes away and you end up making a bit more......greedy? no, some times you need it for when you get stop, you can't win them all.....

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The Chonchy
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